At a time when the employment indices look grim, and global majors are trimming their workforce, hiring announcement from companies could signal the reversal of the state of affairs.

Is hiring on an upswing?

To this end, the news that the $470 billion oil and gas company, Shell, will hire an additional 600 researchers and engineers for its Bangalore technology centre is a welcome sign. (Also read: Power sector overview)

Other than Shell, it is expected that Fujitsu Consulting would double its headcount to 6,000 people, hiring mostly from tier II and III towns, in the next two-three years to cash in on the talent pool in the country. (Also read: NTPC net up 30%)

The company is strengthening its talent base as part of its plan to increase presence in key growth markets and expanding its IT services offerings to its global client base from India. (Also read: Engineering sector overview)

Finance minister Arun Jaitley’s first full-year budget on Saturday initiated a number of steps at streamlining the economy and boosting growth on the lines of Narendra Modi-led government’s ‘Make In India’ campaign.
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